Cryptocurrency nonetheless stays a mystical topic for a lot of eager traders in India. Whereas cryptos are slowly gaining recognition from traders and regulators alike, with international locations and main manufacturers adopting it as an official tender, there are nonetheless a sizeable quantity of people that want to spend money on crypto, however aren’t in a position to carefully monitor breaking and growing information within the sector, which can assist them pay attention to value actions, main sell-offs, and bulletins of recent blockchain-based developments.
This reside information weblog is right here to assist. From main market losses to noteworthy declarations, observe this reside weblog to remain up to date with all the most recent happenings on the earth of crypto.
Whereas there are various cryptocurrencies to discover, Bitcoin (BTC) is the preferred as it’s the world’s oldest and most valued crypto coin. As of July 7, Bitcoin value stood at $20,445.21, as per CoinMarketCap knowledge. On the time of writing, the worldwide market cap of the crypto market stood at $917.82 billion, registering a acquire of two.49 % previously 24 hours.
Whereas cryptocurrency is unregulated in India, cryptocurrencies are clubbed below digital digital belongings (VDAs). Underneath the brand new tax regime that went into impact on April 1 this yr, VDAs entice taxation of 30 % on features. A TDS of 1 % will probably be utilized on high of that.
Disclaimer: Crypto merchandise and NFTs are unregulated and may be extremely dangerous. There could also be no regulatory recourse for any loss from such transactions. Cryptocurrency isn’t a authorized tender and is topic to market dangers. Readers are suggested to hunt knowledgeable recommendation and browse supply doc(s) together with associated essential literature on the topic fastidiously earlier than making any sort of funding in anyway. Cryptocurrency market predictions are speculative and any funding made shall be on the sole price and danger of the readers.